ITWASSOOTED: Both of them have connections to the CIA.

Sunday, January 29, 2006

Both of them have connections to the CIA.

James R. Bath

An old friend of Bush Sr. and one of his earliest financial backers. Both of them have connections to the CIA. In 1976, the same year that Bush was director of the CIA, Bath began assisting the CIA in a liason role with Saudi Arabia. Also in that year he was appointed by Salem bin Laden to represent his business interests in Houston. There is suspicion, although no proof, that Bath helped funnel Saudi funds to US business interests and covert operations.

Details of his business relationships came to light when he came under litigation from a former parter, Bill White. The case was investiated by the Houston Chronicle:

JERRY URBAN, HOUSTON CHRONICLE, JUNE 4, 1992: The Financial Crimes Enforcement Network -- known as FinCEN -- and the FBI are reviewing accusations that entrepreneur James R. Bath guided money to Houston from Saudi investors who wanted to influence US policy under the Reagan and Bush administrations, sources close to the investigations say . . . The federal review stems in part from court documents obtained through litigation by Bill White, a former real estate business associate of Bath . . . White became entangled in a series of lawsuits and countersuits with Bath, who for some six years has prevailed in the courts. . . . In sworn depositions, Bath said he represented four prominent Saudis as a trustee and that he would use his name on their investments. In return, he said, he would receive a 5 percent interest in their deals. Tax documents and personal financial records show that Bath personally had a 5 percent interest in Arbusto '79 Ltd., and Arbusto '80 Ltd., limited partnerships controlled by George W. Bush, President Bush's eldest son. Arbusto means 'bush' in Spanish. Bath invested $ 50,000 in the limited partnerships, according to the documents. There is no available evidence to show whether the money came from Saudi interests. George W. Bush's company, Bush Exploration Co., general partner in the limited partnerships, went through several mergers, eventually evolving into Harken Energy Corp., a suburban Dallas-based company . . . Bush said that to his knowledge, Bath's investment was from personal funds, and no Saudi money was invested in Arbusto. Bath, 55, a former U.S. Air Force pilot, declined to comment for the record. Spokesmen for FinCEN and the FBI also declined to comment. According to a 1976 trust agreement, drawn shortly after Bush was appointed director of the Central Intelligence Agency, Saudi Sheik Salem M. Binladen appointed Bath as his business representative in Houston. Binladen, along with his brothers, owns Binladen Brothers Construction, one of the largest construction companies in the Middle East. According to White, Bath told him that he had assisted the CIA in a liaison role with Saudi Arabia since 1976. Bath has previously denied having worked for the CIA . . . Bath received a 5 percent interest in the companies that own and operate Houston Gulf Airport after purchasing it on behalf of Binladen in 1977. After the death of Salem bin Laden in 1988, Bath represented Khalid bin Mafouz, who had taken over the bin Laden interests. The two also formed a partnership with Gaith Pharaon, who was the frontman for BCCI in Houston.
if you don't comment no angel will gets its wings... 0